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Both Men involved (Alli and Biyani) will want to protect their reputations at all costs.
Indian business ,despite the high tech nature of todays playing field,
still operates on a 'my word is my bond' basis.
Besides Koovs Plc has a binding contract and would be able to sue FLFL for damages.
In either event short term funding to bridge the gap should be forthcoming particularly
at this currently very attractive price. If I were Alli I would take this opportunity and load up
via a further Loan Notes with a conversion option. He has already rolled over £2m of loan notes
for 18 months, now would seem like a good time to put up another £2m until the RBI issues
fresh approval. I suspect that Amazons 49% stake in Future Coupon has affected things with
Indian approval but IMO this is just a glitch. With Amazon onboard I do not think we will have to wait too
long.
Bound to be a few profit takers in a heavily traded share and no share goes up in a straight line. Those leaving now will probably regret it later but if theyre happy to go or top slice then good luck to them.
Im not letting any of mine go this cheaply. The sp seems to be priced for bankruptcy. It IPOd at £1.50 in 2014 and after a bad start and some bad luck has just started to show its potential. Lord Ali isnt about to give up now. He wont let it fail at this stage and I dont think FLFL (BIYANI) will want to put a dent in his reputation by going back on his word....
FLFL has confirmed to the Company that it is in the process of reapplying for approval of the investment from the Reserve Bank of India and that it remains committed to honouring the investment.
Things dont happen quickly in India but im convinced it will happen..and if not, then Ali will find another way to get the finance they need. His pride and reputation is at stake. When its clear that the funding will be found, one way or another, the sp will probably rise very quickly.
Thats my thoughts anyway but DYOR and make your own minds up.
Best of luck to us all.
As we have seen this moves very very quickly.
If you believe Koovs will be able to sort out their
short term financing issues now is the time to
buy here. Lord Alli's net wealth is estimated at
at £200m. As somebody said recently Koovs is Alli's
baby and he is hardly going to starve it as he has
just started feeding it.
It doesn't make sense that funders will pull put when they have been of the finances all along and they have said they will honour their commitment!!
Not so much buying, but big sells going through this morning...
If we were dead in the water they wouldn't want to buy all mine over bid. Just one positive piece of news will see this rerate
But it looks like we are dead in the water here.....
For now at any rate
This will go nuts!!!
Wasn’t there talk at the weekend of 74p/share?
Would a late buyout be on the table?
Sp is building nicely. Better a steady rise than big spikes imo.
As someone said though..good news might blow the bloody doors off!
Bodes well. I could sell half a mil over bid! Says all you need to know where this is going.they have no stock at all. Financing rns will blow the bloody doors off!!
trying to buy but could not get quote for ten minute, so had to buy in two tranches, this share is very hard to trade my last two r 56k and 57k. now wants to see the ride to 20p or higher.
into close! Looking very good for tomorrow!!
That's the Hardman & Co current valuation, need to secure funding first. Looking very positive here though. I was in boohoo early days, with the right funding I can see this really taking off!!
Where did the 74p takeover come from?
Experience of this share tells me that Matt, nothing to do with being negative. Now is the time to buy and forget about it for 2 years
I could be wrong be I think the no returns applies to items purchased on cyber Monday
Will send this skyward!! Don’t listen to the doom mongers!!
This will retrace back to 3.5p tomz and stay around there until some kind of confirmation or positive RNS. Even then 10p won’t be breached for months and years to hit the heights some people talk about on here. I am a LTH and will continue to be so as this will return my small/medium investment and then some .....but it will take a long time
Just people taking their profits. Nothing has changed and traders will start jumping in as the rise continues. The funding rns can't be too far away.
I expected more here today....
gla
The small value trades just look like PIs taking a punt. Personally I think if news was coming we would be seeing larger buys. Hopefully I'm wrong
And then it ticks down ffs
But pleased to see that this is holding up relatively well. I can’t stand shameless ramping personally (even if a rising sp would help me) - but I do believe news is coming and the boost will be worth it. I continue to hold
Best of luck all holders